‍Solana (SOL) Nears 2026 Lows Amid Tech Sell-off and Economic Uncertainty

Solana (SOL) has experienced a significant price correction, reaching lows near $95, its lowest point since April 2025. This 18% decline over 30 days is influenced by a broader market downturn in risk assets, including AI stocks, and macroeconomic fears. Despite the bearish sentiment, Solana's network performance remains strong, with transaction fees surging 81% and processing 2.29 billion transactions in the past month, significantly outpacing Ethereum.

The downturn is linked to tech sector instability, such as reported job cuts at Amazon and financial challenges for AI firms like OpenAI. Over $165 million in leveraged positions were liquidated. Even gold and silver saw sharp declines.

In derivatives markets, the annualized funding rate for SOL perpetual futures is negative (-17%), indicating extreme caution among traders. While Solana shows robust on-chain activity and growth in active addresses (up 62%), its short-term price remains tied to global economic stability. For SOL to recover, a reduction in geopolitical risks and stabilization of the tech sector are crucial.

https://cryptovka.ru/en/news/8689/solana-hits-2026-lows-near-95-amid-tech-sell-off-and-economic-fears